With Easter just around the corner, one would think the makers of chocolate bunnies, marshmallow peeps, and other Easter basket staples would be in high spirits.
But lobbyists for big candy companies aren't spreading joy on Capitol Hill these days. Instead, they're selling lawmakers the same story they have for decades: candy profits could be larger but U.S. sugar farmers are standing in their way.
Never mind the fact that sugar prices have fallen over the years while candy prices—and profits—have risen.
image Currently, these lobbyists are pushing for more subsidized foreign sugar to be let into the U.S. market—a move that would further oversupply the U.S. market, depress U.S. sugar prices, and harm American farmers. To help make their case, these lobbyists are spinning tales of economic hardship brought about by sugar policies in the popular 2008 farm bill.